Question
Zulma Corporation provides the following information on 2020. Beginning inventory of direct material, January 1, 2020 $12,000 Purchases of direct materials in 2020 $85,000 Ending
Zulma Corporation provides the following information on 2020.
Beginning inventory of direct material, January 1, 2020 $12,000
Purchases of direct materials in 2020 $85,000
Ending inventory of direct materials in December 31, 2020 $11,000
Direct manufacturing labor cost in 2020 $28,000
Manufacturing overhead cost in 2020 $38,000
Calculate the total manufacturing cost incurred in 2020
Begin by calculating the direct material used in 2020
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
